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China is providing 46.1 billion Euros to state banks and insurers to strengthen their balance sheets. The funds aim to improve lending capacity and the ability to support the economy.
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International media view the AfD's electoral success in Saxony-Anhalt as a consequence of federal politics and Chancellor Friedrich Merz's unpopularity. Negative impacts for Europe are also feared.
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Argentine President Javier Milei is using the Falkland Islands as a nationalist campaign theme to improve his poor poll numbers. He declared the Malvinas to be Argentine to unite the population behind him.
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International politicians expressed concern over the AfD's success in the Saxony-Anhalt election. French Finance Minister Lescure called the result a "very, very disturbing signal" amid a global populist wave. Polish Foreign Minister Sikorski and Italian Lega leader Salvini also congratulated the AfD.
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The DAX began weakly, weighed down by concerns over the outcome of the state election in Saxony-Anhalt and rising oil prices. German production fell in July, while the ECB anticipates an interest rate hike.
Global EconomyClimate ChangeWeather & Natural Disasters
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The World Meteorological Organization (WMO) predicts with almost 100% certainty that El Niño will continue until February 2027. This weather phenomenon, which raises global temperatures, could intensify further and have far-reaching climatic impacts until 2027, including droughts and floods.
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The EU's High Representative for Foreign Affairs, Kaja Kallas, has reinstated a newly proposed defense advisory body after opposition from member states. The body was intended to develop unconventional solutions for European defense but was initially removed due to rejection by several countries.
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Turkey has raised its inflation forecast for the end of the year to 28.4%. The Middle East war is cited as the main reason for the adjustment, with estimated impacts of around seven percentage points on inflation.
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Elon Musk and former US Ambassador Richard Grenell congratulated the AfD on their success in the state election in Saxony-Anhalt. Donald Trump also shared an image of the election results, while a Russian special envoy spoke of a historic victory.
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The AfD achieved an election victory in Saxony-Anhalt. Meanwhile, the funeral of convicted war criminal Ratko Mladić in Belgrade strains Serbia's EU membership aspirations, despite EU warnings against glorification.
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